44% Monthly rent: $1,939 :

canada goose The 25 best countries to buy rental property and make money on the side Tanza Loudenback May 12, 2018, 7:00 AM The best country to buy rental property? The Philippines. Airbnb Buying a rental property is a good way to earn passive income and build wealth.Some American real estate investors prefer to keep their portfolio local, but you can also earn money as a landlord if buy rental property abroad.The three best countries to buy rental property outside the US are the Philippines, UAE www.afan.dk , and Costa Rica. Buying a rental property is a wise way to earn passive income. As a landlord, you’re getting paid to own something, rather than paying to own it. The mortgage is often covered by rental income from tenants, and if you play your cards right you’ll profit after covering insurance, taxes, and maintenance costs. But while some American real estate investors prefer to keep their portfolio local, others may want to take their business international. For its latest study, GOBankingRates found the best countries to buy investment property based on the potential return on investment. GOBankingRates turned to Global Property Guide to source the following three data points for more than two dozen countries: Average monthly rent for a 1,292 square-foot home. Rental income tax rate, assuming a monthly rental income of $1,500. Average rental yield, or the amount that a landlord can expect as return on an investment before taxes, maintenance fees, and other costs (expressed as a percentage). Each metric was assigned a score, and the three scores were then combined for each country to form an overall score, which determined the final ranking. The higher the score, the higher the potential income for property owners. The final list is dominated by several European and South American countries. Remember that before you decide to buy property in a foreign country canada goose jacket , it’s important to understand the laws and tax codes that go along with it. Or better yet, consult a professional. Below, find out the best countries to buy rental property and make money as a landlord. Are you a US resident who owns rental property in a foreign country and earns a profit? Would you like to share your story? Email tloudenback@canada goose jacket.com. 1/ 25. Turkey Nejdet Duzen/Shutterstock Rental yield: 3.62% Effective rental income tax: 21.94% Monthly rent: $1,128 2/ 24. Latvia Shutterstock Rental yield: 3.8% Effective rental income tax: 17.25% Monthly rent: $1,074 3/ 23. Portugal Shutterstock/TTStudio Rental yield: 5.45% Effective rental income tax: 26.44% Monthly rent: $1,939 4/ 22. Malta In Green / Shutterstock Rental yield: 4.35% Effective rental income tax: 23.33% Monthly rent: $2,229 5/ 21. Colombia Gokhan Bozkaya/Shutterstock Rental yield: 6.51% Effective rental income tax: 24.75% Monthly rent: $1,548 6/ 20. Argentina Diego Grandi / Shutterstock.com Rental yield: 4.48% Effective rental income tax: 14.7% Monthly rent: $1,490 7/ 19. South Africa Shutterstock / Andrea Willmore Rental yield: 3.88% Effective rental income tax: 12.8% Monthly rent: $1,636 8/ 18. Morocco saiko3p / Shutterstock Rental yield: 5.52% Effective rental income tax: 10.70% Monthly rent: $854 9/ 17. Canada Taxiarchos228 / Wikimedia Commons Rental yield: 3.98% Effective rental income tax: 25% Monthly rent: $3,740 10/ 16. Spain Flickr / MorBCN Rental yield: 4.7% Effective rental income tax: 19% Monthly rent: $2,531 11/ 15. Greece Anastasios71 / Shutterstock Rental yield: 4.17% Effective rental income tax: 7.5% Monthly rent: $1,460 12/ 14. Hungary photo.ua / Shutterstock Rental yield: 5.24% Effective rental income tax: 13.5% Monthly rent: $1,621 13/ 13. Bulgaria VILevi/Shutterstock Rental yield: 6.24% Effective rental income tax: 10% Monthly rent: $997 14/ 12. Croatia Dubrovnik, Croatia. Dreamer4787 / Shutterstock Rental yield: 5.43% Effective rental income tax: 8.4% Monthly rent: $1,320 15/ 11. Germany canadastock/Shutterstock Rental yield: 3.99% Effective rental income tax: 2.71% Monthly rent: $1,769 16/ 10. Cyprus f8grapher / Shutterstock Rental yield: 5.12% Effective rental income tax: 0% Monthly rent: $966 17/ 9. France Heracles Kritikos/Shutterstock Rental yield: 2.79% Effective rental income tax: 10% Monthly rent: $4,379 18/ 8. Ireland Leonid Andronov/iStock Rental yield: 6.64% Effective rental income tax: 10.05% Monthly rent: $2,077 19/ 7. Thailand Muzhik/Shutterstock Rental yield: 5.13% Effective rental income tax: 2.73% Monthly rent: $2,029 20/ 6. Barbados Shutterstock Rental yield: 5.48% Effective rental income tax: 7.5% Monthly rent: $2,501 21/ 5. Indonesia I. Noyan Yilmaz / Shutterstock Rental yield: 8.61% Effective rental income tax: 20% Monthly rent: $2,486 22/ 4. Panama Rodrigo Cuel/Shutterstock Rental yield: 5.75% Effective rental income tax: 2.08% Monthly rent: $2,075 23/ 3. Costa Rica Mihai-Bogdan Lazar/Shutterstock Rental yield: 7.48% Effective rental income tax: 5.16% Monthly rent: $1450 24/ 2. United Arab Emirates Shutterstock/RastoS Rental yield: 5.19% Effective rental income tax: 5% Monthly rent: $3,070 25/ 1. Philippines Mehmet KILIC/Shutterstock Rental yield: 6.13% Effective rental income tax: 4.06% Monthly rent: $2,422 Previous 1/ Next SEE ALSO: Forget San Francisco and New York: These are the 19 best places to live where the typical home costs less than $260,000 and monthly rent is under $1,000 DON'T MISS: 30 irresistible places Americans dream of owning a vacation home canada goose parka

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